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Uber and The Bank of Punjab Sign Milestone MoU

November 15, 2016 / Pakistan

Uber and the Bank of Punjab have signed an MOU whereby both parties have consented to work together for over 50,000 Green Cab and Yellow Cab Customers to bring them on to the Uber platform. It will help Green Cab and Yellow Cab Customers in their economic uplift and will improve their ability to earn more.

Safee Shah– GM, Uber Pakistan said, “The partnership looks forward to build on the flexibility, entrepreneurial opportunity and earning potential of Uber’s innovative technology along with BOP’s financial expertise to bring about a positive change in the earnings of Green Cab & Yellow Cab customers”

Mr. Salman Alam Shah – Head Retail Finance Division, Bank of Punjab said, “BOP had provided Employment Opportunities to thousands of un-employed youth through Chief Minister Punjab Apna Rozgar (Green Cab) and Yellow Cab Schemes. Now, our program is designed to equip our Green Cab Yellow Cab Customers with the right to succeed as entrepreneurs and our arrangements with Uber will enable them to earn better income for their families.

There are currently tens of thousands of drivers in Lahore using Uber and the technology has become the number one choice for drivers and riders in Pakistan in less than a year. Over 70% of current drivers are individuals managing their own business and setting their own schedules.